Performance Video: 1TH Dragon Miner from IKETC Output: 1. This week I traveled to northeast China to check out a bitcoin mining operation. If you have 100 bitcoins, right now you probably just hoard them. If you don’t then, well, it’s really all pretty theoretical.

Wallet To use bitcoins and litecoins you need a wallet. I recommend you use the wallet . Bitcoin for Businesses Bitcoin is a very secure and inexpensive way to handle payments. Choose your own fees There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Most wallets have reasonable default fees, and higher fees can encourage faster confirmation of your transactions. Chargeback frauds result in limited market reach and increased prices, which in turn penalizes customers. Bitcoin payments are irreversible and secure, meaning that the cost of fraud is no longer pushed onto the shoulders of the merchants.

Fast international payments Sending bitcoins across borders is as easy as sending them across the street. There are no banks to make you wait three business days, no extra fees for making an international transfer, and no special limitations on the minimum or maximum amount you can send. No PCI compliance required Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard. Bitcoin still requires you to secure your wallet and your payment requests. However, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like credit card numbers.